Mastering goAML Implementation in Any Financial Institution

This comprehensive course will take you through the step-by-step process of mastering goAML, the globally …

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Created by
Kiran Kumar Shah
Categories
AML/CFT
Review

Course Description

This comprehensive course will take you through the step-by-step process of mastering goAML, the globally recognized system for anti-money laundering (AML) and counter-terrorist financing (CFT) reporting. Whether you're new to goAML or looking to refine your skills, this course offers hands-on experience and real-world examples to help you fully understand how to implement goAML in any financial institution.

What you'll learn

  • Core functionality of goAML for AML/CFT compliance in financial institutions.
  • Create and validate XML reports (STRs, TTRs, SARs) for regulatory compliance.
  • Implement effective KYC and risk assessment processes.
  • Validate XML files to meet standards before submission.
  • Follow guidelines for accurate and timely report submission.
  • Implement goAML smoothly across various departments.

Requirements

  • Basic understanding of AML/CFT regulations.
  • Some Familiarity with financial transaction reporting processes
  • Interest in learning AML/CFT compliance
Definition of Money Laundering and Stages of Money Laundering
9.09 min
Seven Elements of Customer Due Diligence
16.48 min
Transaction Monitoring
1.04 min
Threshold Transaction Reporting
4.45 min
Suspicious Transaction Reporting
6.39 min
Methods of Money Laundering that should be reported via goAML
5.09 min
Two methods of reporting in goAML
2.42 min
Automating FIU Function with goAML
7.11 min
Introduction to XML
3.01 min
XML Schema and XML Validation
9.4 min
Practical Demonstration part 2
10.13 min
Practical Demonstration part 3
9.08 min
Practical Demonstration part 4
9.04 min
Practical Demonstration part 5
9.09 min
goAML Validation part 1
9.49 min
goAML validator part 2
2.21 min
Problems in goAML Implementation face by BFIs part 1
9.16 min
Problems in goAML Implementation face by BFIs part 2
4.55 min

About the instructor

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Kiran Kumar Shah

Risk Management Professional
4.93 Instructor rating
0 reviews
0 students
courses

I am Risk Management Professional with knowledge and experience in different risk management areas including IT Audit, AML/CFT, Compliance, and Cyber Security. In my 12 years of experience in different commercial banks, I was responsible for establishing Risk management governance, IT Audit, creating policies and procedures, providing training, conducting financial investigations, and so on.  I was also responsible for creating the Information Security Department in Sunrise Bank. Under my leadership, Kumari Bank became one of the first five banks out of 28 commercial banks to go live for goAML before the deadline given by regulatory bodies. I am also the first in Nepal who hold CAMS-Audit Certification from ACAMS.

Student feedback

4.93

Course rating

5

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  • Duration
    2 hours 21 min
  • Lectures
    20
  • Enrolled
    0 students
  • Language
    English
  • Skill level
    Beginner
  • Deadline
    Lifetime
  • Certificate
    Yes

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